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Technology Stocks : Internet Capital Group Inc. (ICGE)
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To: puborectalis who wrote (1834)1/3/2001 2:46:43 PM
From: Richard Bunker  Read Replies (2) of 4187
 
Well, the fed just dropped rates .5%, and ICGE jumped up (from $3) about 10%.

By my calculation (compounding the 10% increases) this means that ICGE will reach a realistic valuation of $35/share once the fed has reduced rates to -6.5%.

Rick.
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